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. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter government that sets priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i want to ask one question. do you believe him that his policies will not add to the deficit? do you believe it?. >> no. no. >> why don't you believe it?. >> look at the deficit. it keeps growing spiralling out of control continuing to grow. i don't see evidence it's going the other way. >> he made a commitment it won't go up. >> he's got to come up with it. >> he said $3,000 for people to refinance their homes we'd get a tax break for that. but he didn't tell us where it's going to come from. >> i believe he is believing what he wants to do. and he wants to do the best thing for the country. he's going to follow that through. >> we have to stop this you and i know when i cut my budget that means i go from 100ses today $95 in the government a cut in budget means we grow 8% instead of 12%. and that kind
be in league with another government agency that wants to deport them and that's the problems with 287-g and some of the other information-sharing protocalls. for community policing to work it's hard to have the trust and support of the community. and by the way, if these criminals go unprosecuted in our community and unpenalized for taking advantage of somebody and that not being reported, their next victim could very well be an american. their next victim could be your family. could be my family. and that's why we all have an interest in community policing of law enforcement as well as public health to make sure that people are inoculated and treated early for disease regardless of their status. now, look, the status is not to have this population here illegally. whenever we're talking about this enforcement, yeah, it's tough. there is no right answer. the right answer is comprehensive immigration reform. let's find a way where the people that we need here that have critical jobs in our economy, that have families that are in our community, that have kids that are american and going to
that he can go in and impose the strategy that he wants to impose in the united states government this isn't a coincidence. it's been very exquisitely coordinated. >> you can watch this and other programs online at book tv. >> up next on book tv, samuel argues if our elected leaders do not find the courage to reform the economy and government spending soon, the u.s. could find itself in the same terrible economic situation as many european countries do today. this is just over an hour. >> coming to speak at the heritage foundation today it is a great privilege to be here. i've always been a great admirer of heritage and the council in many cases the friendship of many people at heritage for a long time. i admire your the way that heritage works across the policy areas so that you really do here and the integrated message not least among which i think is the attention of the heritage foundation to the power of culture by which i mean the believes, ideas, habits, expectations and the ways that these achieve some form of institutional what the exception this issue of the culture and how it re
conflicts are rooted in the clash already taking place before and 11 was centered government and the triumph of the community on the border between states. without local history or culture it is impossible to impose simplistic notions but someone did waziristan or yemen is aghast at a clash of civilizations and. 90% had no idea what 9/11 was zero or of some of did not been. would have to be careful how we are analyzing and i maintain there is a crisis already was united states involved in a local conflict. >> host: ambassador to bases u.s. attacking their own personal try for their government? >> guest: you raised the third factor, with united states, the tribes now of the central government with a triangle of conflict that is the conflict said is often overlooked. would you include the central government than you know, it has its own relationship for some benefit and it is troubled earth these jurors south africa and asia you find this. if it is tolerant and open to give citizens the right they deserve to freedom or education but if it surprised -- suppresses but you have problems where yo
a change. we know it is not government. we know there is too much government already. we'll incentivize businesses and incentivize investment and take this country forward into more economic prosperity. i don't think that's what we're going to hear but that would certainly be a breath of fresh air for the american business community. neil: he will talk about the need for more revenue, the need more more taxes. enough already. we gave you that. we'll not give an inch more. are they right to take that stance? >> they have to take that stand. i think we're to the point we can't borrow anymore. we can't tax anymore. if we tax anymore, we have the highest corporate tax rate. most people that the are running subchapter-s corporations, small businesses are now paying close to 50% if you're in a state like california, new york, you're paying more than 50% in tax. the top 5% pay over 50% of the income tax revenue in this country. this has to stop. the president has to stop this. and i don't think, i think he understands government. i don't think he understands that a vigorous government requires
. >> it is our task to make sure this government works on behalf of the many and not just the few. more than 50 gunmen stormed a military base in southern thailand with deadly consequences. shootout in a remote mountain cabin in the u.s., the latest twist in the hunt for a former police officer accused of murder. pope benedict xvi has given his first weekly general audience since he shocked the world by becoming the first pontiff in six centuries to step down. he received a long standing ovation as he made its way into the audience hall at the vatican? . later he will preside over an ash wednesday mass. will go to our correspondent at the vatican. he said that he is stepping down for the good of the church. >> absolutely. the pope went straight into it. his first words were that he has taken the decision in full freedom and for the good of the church. he went on explaining that he understood the gravity of the moment. then he came to the realization that he did not have the spiritual or the material's strength to carry out his ministry. it was a standing ovation for the pope. it was a very fest
row is invited to depart. >> on c-span2, a hearing on a government report on federal programs vulnerable to waste, fraud, and abuse and mismanagement. then at 9 a.m., the homeland security department in light of the gao report. >> domestic drone use is the focus of the house science space and technology subcommittee hearing friday morning. members will examine the challenges facing operations in u.s. airspace. officials from the faa and nasa are expected to testify. live coverage 10 a.m. eastern on our companion network c-span3. >> thursday at a senate banking hearing committee on dodd-frank financial regulations senator elizabeth warren of massachusetts, thomas curry, about prosecuting big banks when they break the law. here's a portion of the event. >> thank you very much, mr. chairman. thank you, ranking member. it's good to be here. thank you all for editing. i sat what he said. it's harder than look so i appreciate your being you. i want to ask a question about supervising banks when they break the law. including the mortgage foreclosure of others as well. we all understa
that the fed, federal government outlines has higher unemployment than those states with lower minimum wage. look, it's simple economics, something which this current administration doesn't understand. when you raise the cost of labor, you have a surplus of labor, that's true in comments, stocks, whatever. when you have a surplus of labor, what do you have, brenda? you have higher unemployment and simple as that, this administration doesn't understand. >> so what do you think of that, caroline, would this help or hurt unemployment if we just got rid of the minimum wage? >> well, i think that would be a terrible idea and i disagree with gary b. actually those studies have experienced-- that's a relationship, other variables causing those differences because two decades of rigorous research indicate he when you do it in a planful way and mild way and raise the minimum wage that it has a positive effect on the local economy. positive effects in terms of lower training costs and turnover and less lost time at work and dedicated employees, so small businesses, mid size and large businesses benef
-year smart government initiative, we've realized both one-time windfalls and annual savings by selling surplus land, buildings and vehicles, consolidating offices, renegotiating contracts and bids, and changing how we buy goods and services. and three, we made revolutionary changes to huge budget drains -- closing a state prison as part of a wider corrections reform, privatizing medicaid and reining in benefits for public employees. in many ways, you and i have remade state government. our goal is simple -- make every tax dollar count. now many changes and cuts were desperately needed. state government had become bloated and inefficient. we will not restore those cuts, and we will not return to the old way of doing business. but efficiency alone wasn't enough to balance those budgets, and so we made cuts to certain programs that hurt, cuts that none of us would have made if we had not been forced to make them to survive. well, we survived -- better than most states -- but now we must ask ourselves -- what damage did we do? let me describe some of it. we froze funding in our k-12 classr
to reform the economy and government spending soon, the u.s. could find itself in the same terrible economic situation as many european countries do today. this is just over an hour. [applause] >> thank you john for your very kind introduction and the invitation to speak at the heritage foundation today. it's a great privilege to be here. i have always been a great admirer of heritage and the council and in many cases the friendship of many people here at heritage for a very long time i have also admired the way that heritage works across policy areas so that you really do here and integrated message. not least among which i think is the intention of the heritage foundation to the power of culture, by which i mean people believe ideas, habits and expectations in the way that these achieve some form of institutional expression. this issue of culture and how it relates to the economy is at the heart of my book, "becoming europe" because at one level becoming europe is certainly about what has happened in europe and why it is now regarded as the sick man of the global economy. my book is also a
love. it is our unfinished task to make sure this government works on behalf of the many and not just the few that it encourages free enterprise, rewards initiative and opens the door of opportunity to every child across this great nation. [ applause ] >> the american people don't expect government to solve every problem. they don't expect those of us in this chamber to agree on every issue, but they do expect us to put the nation's interests before party. [ applause ] >> they do expect us to forge reasonable compromise where we can, for they know that america moves forward only when we do so together, and that the responsibility of improving this union remains the task of us all. our work must begin by making some basic decisions about our budget decisions that will have a huge impact on the strength of our recovery. over the last few years both parties have worked together to reduce the deficit by more than $2.5 trillion, mostly through spending cuts, but also raising taxes on the wealthiest 1% of americans. as a result, we are more than halfway toward the goal of $4 trillion in def
. that the economic down tun happened because the government did not tax enough, spend enough, or control enough. as you heard tonight, his solution to virtually every problem we face is for washington to tax more, borrow more, and spend more. this idea that our problems were caused by the government that was too small, it is not true. in fact, the major cause of our recent downturn was the housing crisis created by the government policies. the idea that more taxes and more government spending is the best way to help middle-class taxpayers is an old idea that has failed. it will not help you get you ahead it will hold you back. it will limit your opportunities and more government isn't going inspirnse more idea, new businesses, it's going to create uncertainty. more government breeds complicated rules and laws that small businesses can't afford to follow. more government raises taxes on employers who pass the costs on to their employees to fewer hows, lower pay, and even layoffs. many government programs that claim to help the middle class often end up hurting them. obamacare was supposed to hel
and government reform. >> without objection, so ordered. that concludes the items of the business on the agenda for the house budget committee's organizational meeting. we will now proceed to the c.b.o. outlook meeting. if dr. elmendorf will take his usual and customary pgs. -- position. kind of feels like groundhog day, sunt it? let me -- let me start by welcoming our new members, we have members who representative different areas, different view, different philosophies. i want to start by saying how much of a pleasure it is to serve on this committee. this is the kind of committee where you get to bring your ideas to the table and air them out. we've got enormous fiscal challenges ahead of us. we've got a debt problem we all acknowledge must be dealt with. we've got a deficit that needs to be brought down. we've got an economy that needs growth. -- growth. and this is one of those areas, up with of those committees where we need to have this debate. we're going to be processing legislation, we're going to be considering alternatives and i want to say on behalf of those of us on this side of t
the united states state department was an extension of the israeli government. things like that are unnerving. there is at least one speech he gave that he did not report that we think there is a copy of that we may get in the next few days. that is why i should -- i would oppose cloture today. i will vote for it after the recess. host: senator lindsey gramm of south carolina. joe is on our independent line. caller: i have interest in giving you a call because i have been doing research on the government. at this time, i have to publicize to the world that the government has committed an act of tyranny. they are doing what they should -- -- they are not doing what they should be done -- be doing for the sake of our people. and this time to play hardball against these individuals were shown in the past 80 years who have not been in the better interest of our children. that means 300 million of us need to get really involved in our government and participate. these guys do not care about this. history is showing it. the congress and senate -- this is why the federalists, james madison, set up t
increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly on the phony issue of automatic government budget cuts known as sequestration. >> question. when former president clinton took the helm during an economic downturn, he said he had a quote laser-like focus on the economy. how would you describe the focus of president obama's state of the union pat buchanan? >> he did pivot back toward the jobs and the economy but overall this was a very libbal brail speech, something we have all heard before nothing new in it and a dead on aarrival speech. he is not going to get the minimum wage, not going to get the assault weapons ban, not going to get amnesty, not an awful lot of the things he has in there. he is appealing to his base and appealing to what he sees as the majority of the country, which probably does support most of what he said. it was a very political speech but in
me that this government will follow every lead until each individual person or business responsible for any criminal or fraudulent act has been caught, exposed, prosecuted, and then expelled from ever again having any part in the u.k. food industry >> i fully support what the honorable gentleman said. let me join me in praising this constable. she kept people sit in the communities that she is head of a. i would join him in sending my deepest condolences along with everybody else to her colleagues and loved ones. on the issue of this appalling situation where people buying beets -- beef products in supermarkets find out that could be coarse meat, but me say this -- but me bring the house up-to- date. on the 15th of january, the irish authorities identified problems in a number of products. on the 16th of january,january d to the house that i wold ask th to conduct an urgent on 16 january, i told the house that i had asked the food standards agency to conduct an urgent investigation. as part of that investigation, there has been more testing and tracing, and this enhanced testing reg
to progressive government itself. we'll talk about smoking out our adversaries. the failure of opposition like today' puny pathetic reaction from the other side. tonight the crazed unequal day we heard in washington. this large but unmistakable declaration of how small has become this right leaning opposition. small, squeaky, and spiteful. i'm joined by amy klobuchar. and chuck todd. a democratic president made this pronouncement about a government in america. >> we have work to give the american people. a smaller, less bureaucratic government in washington. and we have to give the people one that lives within its means. the era of big government is over. >> last night this president barack obama gave a strong role and criticized republicans who say we must balance the budget. take a listen. >> it is our unfinished task to make sure that this government works on behalf of the many. and not just the few. over the last few years, both parties have worked together to reduce the deficit by more than $2.5 trillion. mostly through spending cuts but also by raising tax rates on the wealthiest 1% of a
, legislation that keeps the government funded and running. he wants to keep that separate from sequestration. explain why and what might happen on that. >> i think it is a stop-gap measure. it is not a real bill or appropriation bill that funds the government. it is basically avoiding government shut down. i don't think mr. rogers was to have a discussion on how to avoid the sequestered until we get very close to a government shutdown if people cannot agree on which to do it. one thing we did discuss, that is important for people to understand is that the sequestered woodcuts overall government spending by $1.20 trillion for the next nine years. this year, it would be $85 billion. how rodgers, the way he would present, he would write that the government would be funded the way it was last year, but if the sequestered takes effect, it would cut off -- >> a big part of this process? >> it is unclear exactly how all of this will work. part of it is that sometimes, if you talk to some of the people, the new were more ardent er moreatives, -- the new wer conservative members, they take the view t
to school on government money but is against government. aside from the awkward drink of water, i think his real problem is that it was the wrong night, wrong city. tuesday night in washington, wednesday night in new york. there is a place called the apollo. amateur night on wednesday night at the apollo. >> ouch. that hurt me in the crossfire. lawrence o'donnell. >> it was a major proposal that he kept under a certain wracked by not mentioning the number. he said that he was willing, in this negotiation, to avoid the sequestered and offered to the republicans' medicare cuts. he did not specify an amount, just the same amount that the bulls commission wanted. he suggested arriving at them in very vague ways, one having more affluent seniors play more. there are a variety of ways to do that. one of them, probably were most of the savings would be, to change the nature of medicare payments from a fee-for-service system, which is very reassuring to the patience, to something that he was very vague about but was probably an overall fee for a patient in which the doctor, many would argue, begins
's the caution of our problems. the economic downturn happened because our government didn't tax enough, spend enough or control enough. therefore, as you heard tonight his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. this idea that our problems were caused by a government that was too small is just not true. in fact, the major cause of our recent downturn was a housing crisis created by reckless government policies. the idea that more taxes and more government spending is the best way to help hard working middle-class taxpayers, that is amp old idea that has failed every time it has been tried. no government is going to help you get ahead, it is going told you back. more government is not going to create more opportunities, it's going limit them and it won't inspire new ideas and new private sector jobs. it's going to create more uncertainty. because it breeds complicated rules and laws that small businesses can't afford to poll because more government raises taxes on employers who pass the costs on to their employees to fewer hours, l
to break is a logjam with the republican, we have these things called branches of government for a reason, so no branch of power is seize government on its open for any reason. tomorrow night, what ran through with or without congress, message to president, just because you can't all ways get what you want is no reason to do whatever the heck you want, whether it is an executive order to slow climate change or push to use drones on american soil. whether americans like it or not, this is not a case of a president misreading an elect, this is a more dangerous case of a presiden misreading something? reality, all rise on the judge, time to stand down. >> how can i follow your else else when the 'is doing is chilling. he can kill the americans after years of litigation. neil: part and parcel of a large executive act story that goes unreported. >> yes, here is what an executive order is, a piece of paper directing someone who works for him in the executive branch, there are 3 million civilians, and 2.5 million military, he can tell those people how to do their jobs, period, he can't tell the
's nuclear program. for years the governments here and in the u.s. have said north korea was some way of having a miniaturize device suitable for use on top of a missile. at least, this test brings that prospect closer. despite last year's successful rocket launch, north korea has yet to develop ballistic missile that could strike the u.s. that the country it says its nuclear weapons programs are targeted at. a miniaturized bomb would emboldened p'yongyang. >> it will give them more confidence that they have a credible deterrent. i personally believe they want a deterrent to keep americans out and to buy them room in which they can operate. >> of the president lee myung- bak held talks. the country's military is on watch for north korea's next move. >> we have strengthened the readiness of our military by increasing the security alert level to level two and we have activated the joint surveillance platform with the u.s. to monitor and north korean military movements. announcements in recent days in north korean media have led to speculation that their young leader might be backing awa
and government-planning messages in the history. still more infrastructure, even capping climate change and all i wanted was full fledged tax reform or maybe the keystone pipeline. the left wing greenies pulling out all the stops and warning the president not to go there. some celebrities even got arrested froprotesting the pipee at the white house today. >> and the head of the unions wants more and more of our taxpayer money and he's threatening any democrat who doesn't go along. and guess who facebook executive mark zuckerberg is throwing a political fund-raiser for right at this hours? it's probably not who you think. anyway, we're "the kudlow report." we'll tell you later, but we begin right now. >>> first up, so the president proposing more, more government spending on manufacturing, more on housing, education, infrastructure, climate change, green energy. here's my take. if it was going to work all this throwing more, it's going to work to throw the economy up, it would have already worked. it's more of the same from mr. obama but these government planning efforts have never worked. we have
much flexibility. they have a lot of rules that govern the use of the licenses. what if broadcasting is not the wave of the future and instead is some sort of mobile service? what we do -- what this does is it says to the licensee that if you put your spectrum up for sale, you will get some portion of the proceeds. if the buyer comes in and they spend more than what the seller wants, the commissioner has figured out that it is more valuable. that is one way. we are also working closely on how to move certain government uses off of the spectrum that are viable. there are also a number of efficiency gains in technology. for example, we launched an effort about two years ago and it is much more efficient. it allows us to get more use out of the spectrum. you know, technology just changed generally. we also need to push policy that allows the spectrum to go from very inflexible to uses that are much more valuable for the consumer. >> shared use? >> that is one possibility. we believe strongly in an approach to exclusive used i sensing -- exclusive use of licensing. it is probably one of
/11 between central government and the tribes and communities on their borders, on the areas between states. so, therefore, without an understanding of local culture or history, it's impossible to implosion immiss stick notions. i know we here in the united states sigh this as a class of civilization but talk to one? iran or yemen and they will just look aghast at the concept there's a clash of civilizations. 90% of the survey had no idea what 9/11 was or who osama bin laden was. so, of there, we have to be very careful of how we are analyzing the contemporary world, and i maintain there's a crisis already existing in those parts of the world that the united states has now drifted into and got involved in local conflict. >> host: so ambassador ahmed, do locals in afghanistan, different tribes, see the u.s. as attacking their personal tribe or see their own afghanistan government? >> guest: peter, you have now raised a very important question. you raised the third actor. so you have the united states, you have the tribes, and you now rates the idea of the central government as a third person
think it will have a shocking effect on so many agencies of the government that, hopefully -- >> what do you think it will take for people to say, finally, let's get together and figure out a way to not let this happen. >> because to the military are the most severe. that will require the layoffs of thousands of employees could not to mention military operations and maintenance. but also these cuts will affect every agency, every operation of the government, except social security, medicare, medicaid, and food stamps. those are exempt. but every other agency of the -- other agency or program will receive a cut, probably 5% around it. but since we're willing to the fiscal year, the balance of the year, these few months, you will see these cuts have a greater impact than 5% for the year. >> the way this thing is designed, he does oppose you can believe identity program levels. not every account or agency is important. if i was the culture secretary, i might be more concerned about need inspections. but they don't have the flexibility to do anything about this. do you want to try to give th
was a programmatic expression of that. is there a human ill or social ill that he did not have the government's answer to? if he did, i did not hear it. >> mark? >> it that is a liberal agenda, we have really move the goalposts in our country. i thought the speech -- the sum of the parts did not create a greater whole. i thought that the parts of it were really good. i liked the minimum wage, i like to the education, i liked it training, i particularly liked the gun -- at the end. but there wasn't come in richard nixon's turn, the lift of a driving dream. >> colby? >> i don't think it was supposed to be the kind of address. i think he laid out an agenda he wants to pursue. i think he will achieve some of it. it will happen with immigration reform, i believe it, maybe not to the extent he wants. i think he will get something on guns. there is a movement out there and he hit it just right, the tone on it. minimum wage will be the traditional fight, but i think he was right to lay down the agenda that he wants to he will have to pursue it with the democrats because he will get very little suppor
, nothing at night first posed should increase our deficit by a single dime, not a bigger government, but the smarter government. setting priorities and investing in broadbased growth. all this happening and about three hours from now, but no matter how it spends, spending is spending, and the federal government is racking up. the average length of president obama's previous addresses as one hour and five minutes and 21 seconds. think about it. the amount of time it takes the national debt to rack up just over $042 million extra. with more on this, former cbo director. welcome to the show. first off, your reaction to these comments he will make that he is not going to get us into any more debt trouble at all. do you believe that? >> he certainly is going to propose more spending which must mean he is going to depose more taxes if. this will be tax-and-spend. we have seen this before. gerri: well, says president obama's first state of the union back in 2010 federal debt is up 34%. our economy is growing slowly. debt is growing three times faster than our economy is expanding. what do
, or who you love. it is our unfinished task to make sure that this government works on behalf of the many, and not just the few, that it encourages free enterprise, rewards individual initiative, and opens the doors of opportunity to every child across this great nation. [applause] the american people don't expect government to solve every problem. they don't expect those of us in this chamber to agree on every issue. but they do expect us to put the nation's interests before party. [applause] they do expect us to forge reasonable compromise where we can. for they know that america moves forward only when we do so together, and that the responsibility of improving this union remains the task of us all. our work must begin by making some basic decisions about our budget -- decisions that will have a huge impact on the strength of our recovery. over the last few years, both parties have worked together to reduce the deficit by more than $2.5 trillion -- mostly through spending cuts, but also by raising tax rates on the wealthiest 1 percent of americans. as a result, we are more than halfway
an aggressive state of the union address. it's been widely leaked. he will call for robust government involvement in the economy. more spending on education, infrastructure and green energy. pay for it with more taxes on the private sector and on the rich. the president says the government can rebuild the middle class. on capitol hill there will be numerous standing ovations, but 80% thinks that the opportunity for the next generation is disappearing. more than half think the economy will never fully recover and just as the president demands more spending, he reports waste and fraud in the program is put in place. there you have it. the great divide. that's perhaps the true state of the union. stay right there, "varney & company" is about to begin with dr. ben carson. >> all right. everybody, the headline of this morning is dr. ben carson, the man who lectured president obama at the national prayer breakfast last week. he joins us right now. dr. carson, you've taken a leadership role whether you like it or not. what is your next move? are you going to stand for elective office? >> i
that this government will relentlessly follow every lead and give each an every guilty person or business responsible for any criminal or fraudulent act has been caught, exposed, prosecuted, and then expelled from ever again having any part in the uk food industry? >> i fully support what the honorable gentleman has said, but first of all let me join him in praising the constable. she died going about her job, keeping people safe in that unity, as those wishing the two other injured officers a full and quick recovery. i would join him in sydney my deepest condolences and those of a bullea point in this house tor colleagues and her loved ones. on the issue of this appalling situation where people buying these products in supermarkets are finding out that it could be horsemeat, let me say this. and bring the house up-to-date if i can come on the 15th of january it was that the irish authority identified problems in the number of beef products. on the 16th of january i said to the house that i would ask them to conduct an urgent investigation. as part of that investigation has been more testing and trac
the reality is that revenues coming into the government of the lowest levels since president eisenhower. we have to bring in more revenue . okay. when we start with the revenues the euro. that's my "2 cents more." breezy. those people in congress. that's it for tonight's "the willis report." take your joining us. don't forget to record the show. we will see right back here tomorrow night. ♪ lou: good evening, everybody. the white house tonight denies that they intentionally lead to details of the president's proposal to overhaul the country's immigration system after being soundly blasted by congressional republicans for trying to kill the bipartisan immigration deal proposed by the so-called gang of eight. the center marco rubio, one of the republican leaders of that gain was unequivocal in announcing the president's intervention in what until this weekend has been a promising approach to new immigration legislation. this so-called leak of the president's plan was politically explosive. it may have ended the process. if actually propose to the president's bill would be dead on arrival in
. >> well, good evening. and behind us here tonight, the entire government will be gathered in one building for the president's state of the union address, and in many ways, tonight the real work of the second term of the obama presidency begins. at least the part the president would like to accomplish and where he sees the nation headed. he faces, of course, a sharply divided congress, sometimes violently so, and a divided viewing audience. here tonight, a nation starting to see some daylight after years of recession, and it's the long, suffering middle class that will be the target of much of his message tonight. we should tell you at the same time, we are following a very tense news event, across the continent on the west coast in the san berardino mountains, gunfire and then a fire over an hour we've been watching this in a cabin in the woods believed to contain the sniper, ex-cop, the military veteran that has terrorized southern california for days. another loss of life tonight. a police deputy there confirmed dead and if this situation is resolved, we're keeping a close eye on it, we
economic policies, the government, free enterprise. here is how it stacked up. the president wants more government. he wants more government spending. on the list, universal pre-school, 50 billion dollars worth of road and bridge building, a green energy security trust fund. he said we could grow through government action and it will not raise the deficit one dime senator rubio responded with the exact opposite. free enterprise would result in prosperity for everyone and the senator, addressing president, i don't oppose your plan because i want to protect the rich. i oppose your plan because i want to protect my neighbors. election 2016 began last night. "varney & company" is about to begin and i tell you now stocks could hit a record high very could hit a record high very soon. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on sit now starting unit nine. some of the world's cleanest gas turbines are now powering some of am
john: a debate over the role of government, sparked by the president's state-of-the-union address. did he find common ground or open a deeper divide? i'm john dickerson, in for gwen ifill. tonight, on "washington week." >> together, we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is stronger. john: mr. obama tells congress and the nation he's got big ideas. >> i propose working with states to make high-quality preschool available to every single child in america. i propose a "fix it first" program to put people to work as soon as possible on our most urgent repairs. raise the federal minimum wage to $9 an hour. john: republicans see it as a sign to balloon the government. >> to make it to the middle class no matter where you start out in life, it isn't bestowed to us by washington. >> what's next? >> gabby giffords deserves a vote. the families of newtown deserve a vote! the families of aurora deserve a vote! john: covering the week, karen tumulty of "the washington post," todd purdum of "vanity fair," jeff zeleny with "the
that the government can continue, should there be, god forbid, a massive attack on the building behind us. tonight, it's energy secretary steven chu. this person is known as the designated survivor, if you can believe it. a term of distinction. savannah guthrie, let's talk about the atmospherics in the hall, what we can see, and what will be off camera. >> we touched on it already. the atmosphere in terms of the bitterness and the divided nature of our government right now. if you talk to republicans and democrats, the view you get of the other party is just so stark. as far as the speaker and republicans are concerned, the president emboldened, confrontational, wants to obliterate the party. on the side of the white house, aides think the republican party is fractured, weak, vulnerable, unable to govern itself and unable to make deals to solve the big problem and you've alluded to it, an incredible emotional weight inside this hall tonight, because of the many, many victims of gun violence there. a coordinated campaign by one congressman to have multiple victims of gun violence sitting there in the h
.s. government officials are taking sides in a dispute in a potentially dangerous situation at sea involving chinese and japanese forces. they're backing tokyo who alleged they lost their weapons radar on a self-defense destroyer. >> with regard to the incident, we were briefed by our japanese allies on the incident, and we've satisfied ourselves that it does appear to have happened. >> japanese officials say the chinese frigate launched its weapons on the maritime defense in the east china sea. government representatives in beijing denied the allegation. they argued the vessel used navigational radar and not fire control radar. the ships were navigating more than 100 kilometres north of the disputed senkaku islands on january 30th. japan controls the territory. china and taiwan claim it. former u.s. secretary of state hillary clinton said last month the obama administration opposes any unilateral action to undermine japan's control of the islands. her successor, john kerry, supports that position. now, u.s. leaders have expressed concern about an escalation in china's activities around the
that put big, big bets. we're lucky we have mit and caltech, but we are not at the country, the government side or the corporate side, putting those investments together and that's what i worry about. we're not investing more into it, when not going to be the ones that read the benefits. >> i think that's the question. is their net, whatever its taking place, in basic technology to support the stuff that you want to do. >> it's the case were lots of research as an economist would put a social -- the private return is insufficient to generate the private sector. and so that's why i think we have to look for more of these types of partnerships between government, industry. so one good example of this is collaboration that the federal government has with the semiconductor industry, where, so simply no amount institutions like bell labs, which created large investments in developing the first transistor, government and industry are now cosponsoring a series of university-based centers of excellence at mit and stanford and berkeley and ucla that our first alternative figure how do we take, as f
they fall to earth. >> then as well as government has released these first pictures of presidents hugo chavez following his latest cancer surgery. he had not been seen in public since he went to cuba for his fourth round of treatment in december. >> it was the news they had been waiting weeks for supporters gathered to celebrate. the 58-year-old president has not been seen in over two months. in these first images, he is picture posing with his daughters. >> i was waiting for those pictures. when i saw the picture, i began to thank god for this miracle. some people did not believe he is alive. >> every day, we are praying, wishing him to come back because we need him. there is no one like him in the world. >> the government says the president is still recovering from a respiratory infection. when his son-in-law spoke on state television, he reassured viewers that he is still leading the country. >> he communicates perfectly well and he makes himself understood. this is a reversible process. >> for human rights activist that was not good enough. his organization has filed a legal challe
and government-run health care does not work. repeated over and over again. republican arguments along these lines seem incomprehensible to democrats, just as ours seemed misguided to them. the evidence that medical tests made no difference to them. free-market principles that they took as given conflicted with the information that we took every day from our constituents, and the economists that we consulted. news media preoccupation with lack of stability makes -- missed the point. i traveled of republican members of congress to the middle east and enjoy their company. we worked out together in the house gym. still, more time socializing with each other would not have closed the chasm between our competing views of the world and the role of government. it is those world views and the lack of comprehension on both sides that cripple the capacity of congress to make a bipartisan , strategic, public policy decisions. this i came to see is our greatest institutional weakness, and it defies simplistic yours. congress today is deeply divided because, to each side the opinions of the other m
. >> president obama believes the government is the solution, more government. >> big government. >> big government. >> big government. >> this is the most progovernment speech since lyndon johnson. >> stephen: yes, i find it offensive that the head of our government would give a speech to everyone else in the government that was so pro-government. [ laughter ] not to mention, the president immediately declared war on the private sector. >> tonight, let's declare that in the wealthiest nation on earth, no one who works full time should have to live in poverty and raise the federal minimum wage to $9 an hour. >> >> stephen: $9? that is almost two feet of sandwich. where does it end? where did it end? a living wage spoils the working man. just ask c.e.o. and fox news resident smeagol robert luddy. jim? >> i worked for $85 cents an hour when i was in high school and i was happy to have that job. >> stephen: that's what i'm talking. america has gone soft. if everyone is living the fantasy life of cold and heat they'll have no drive. it's that suffering that lifts people up to start their own
explain how the fall the government for the private sector is the key to opportunity for hispanics such as himself and other minorities to climb the ladder up into the middle class and beyond. >> governor, they can't label he's a big rich fat cat. because he just paid off $100,000 student loan go. ahead. >> yes. and what he did, though was give a very logical discussion of why big government gets in the way, doesn't help, and whyy jaiting -- creating job incentive is the best way to deal with people who aspire to grow up the economic sail. it's a great speech. >> i think it was the best response for state of the union. it's a tough speech to give. that i've seen, governor, we've got to roll. thank you. >> thank you. >> that is all of the time we have left this evening. thank you for being with us. th president's fourth state of the union address. welcome to special coverage of president obama's fourth state of the union address, the first state of the union of his second term. earlier today, house speaker john boehner predicted the highly partisan speech and said this president doe
. the national economy is stagnant, and the federal government on which our state has become so dependent over the years is faltering. weighed down by $16 trillion in debt. while new mexico has seen some job gapes in certain private -- job gains in certain private sector industries, there is no question that the number of government jobs is on the decline. last year new mexico lost more than 4,800 government jobs. 400 federal jobs in a single month. on top of that, many private sector companies that contract with the federal government have seen those contracts cut costing us more jobs. unfortunately, it doesn't look like washington, d.c. is going to solve the budget problem anytime soon. it's the fault of both parties, and can it's hurting -- and it's hurting new mexicans. i am committed to working with our delegation to protect our labs and military bases fighting to avoid further cuts. our labs and our bases are not only important to new mexico, but they're critical to the security of america. however, with a federal government that is so far in debt, so dysfunctional we'd be foolish to lea
. >> gabby giffords deserves a vote. let's agree right here, right now to keep the people's government open. and pay our bills on time. and always uphold the full faith and credit of the united states of america. >> senator rubio did a great job with the republican address. >> i think the big story of the night is going to be marco rubio's response. i thought that was the best response to a state of the union address that i'd ever seen. ♪ >>> it was a confident and assertive speech and today the president has taken his second term agenda out on the road and to the people. his visit to an auto manufacturing plant in north carolina is part of a larger strategy to get out of washington and go directly to the voters with a clear message. we can't just cut our way to prosperity. >> i believe we reward effort and determination with wages that allow working families to raise their kids and get ahead. >> this followed a re-elected and reinvigorated president last night. pressing home his strong belief that we can fix this. >> raise the federal minimum wage to $9 an hour. to make high-quality pres
francisco arts, we're creating access for people, creating efficiency with the government being able to manage transactions, creating a platform for people to actually interact with the city on a level that hasn't been done before. so, ideally, using the san francisco rec and park, the future san francisco arts app, using our mobile commerce to manage that is creating jobs, revenue, and efficiency for the public and tourists to be able to navigate san francisco in a way that hasn't been done before. thank you. >> all right. (applause) >> so, we're going to show another application from motion launch, the founder and ceo, john, will be sharing some of the work that they're doing. they're based here out of san francisco and they've got a great announcement to make. >> i am jon mills. i'm ceo of motion loft. we started about three years ago developing sensors that we could place around cities that would give us some analytics on how people move around cities and how vehicles drive around cities. so, currently we have 16 neighborhoods -- 18 neighborhoods covered in san francisco, and we
government is still spending billions of dollars on things like giving people free cell phones. it is a shame that our commander is using the military as an ideological crusade for higher taxes. these things have to stop. we should be coming together on issues like creating jobs for hard-working american families, reigning in out of control deb t, and ensuring that we have a strong national defense. we should come together now to replace the sequester. we should not have more tax increases, it better, more responsible spending cuts that put our budget on the path to balance and 10 years. thank you for your time. god bless the men and women in our forces and may god continue to bless the united states of america. >> tomorrow on "newsmakers" our guest is representative harold rogers. it talks about funding the federal government the budget cuts known as sequestration. >> the cuts to the military or the most severe. that will i think require the layoffs of hundreds of thousands of civilian employees, not to mention military operations. but also, these cuts will affect every agency, every operati
smaller government, we are getting ready for much higher xes. is that really applying the buffett rule, which says that for people that make more than $2 million per year, they should pay at least a 30% effective tax rate. neil: so you heard it right there. pushing higher taxes. now this was that tax should fix the problem or maybe compound the problem. jonathan hoenig, we are so glad to see him and lizzie wickett mcdonald. >> over trillions of dollars of spending coming down the road over the next decade, this budget takes it in that regard. by the way come in, the rich can organize their own taxes. those that do the scorecard for congress. they routinely miss it year after year. we are $16 trillion in debt. i will tell you something that if you want government-funded green shoots, or you want to trillion companies overseas back home -- these guys miss it constantly in congress. always messing up from that perspective. >> i feel awkward tensions. >> india. i think you have to be very suspicious about government force. those demanding the product of your labor. that is always the democ
: is very good to see you, thank you so much for your insights. well, consider smaller government, we are getting ready for much higher taxes. is that really they say i'm a bad kid. or a charity case. a trouble maker. worthless. there are more than 3 million children in america's child protection and justice systems. kids who have been abused, neglected, traumatized. kids who act out. the worst cases you can imagine. they say i'm messed up. a drain on society. just a stupid mistake. for their safety and others, some of these children have to be removed from their homes. separated from their families. their at the mercy of an overwhelmed system. i don't think i'm a lost cause. i'm just a kid. youth villages believes that no child is a lost cause. not a single one. because a stable loving family can help any child succeed. and we have an 80% success rate that proves doing whatever it takes for children, is the only thing that works. if you agree, find out how you can help. at youth villages.org applying the buffett rule, which says that for people that make more than $2 million per year
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. neil: is very good to see you, thank you so much for your insights. well, consider smaller government, we are getting ready for much higher taxes. for much higher taxes. is that really this is $100,0. for much higher taxes. is that really we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause excess gas. it's gentle and clinically proven to help restore and maintain regulity. look for citrucel today. applying the buffett rule, which says that for people that make more than $2 million per year, they should pay at least a 30% effective tax rate. neil: so you heard it right there. pushing higher taxes. now this was that tax should fix the problem or maybe compound the problem. jonathan hoenig, we are so glad to see him and lizzie wickett mcdonald.
smaller government, we are getting ready for much higher taxes. is that really smart the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the vture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, yoguys! and with double miles you can actually use, you never miss the fun. beard gring contest ango! ♪ i win! what's in wallet? applying the buffett rule, which says that for people that make more than $2 million per year, they should pay at least a 30% effective tax rate. neil: so you heard it right there. pushing higher taxes. now this was that tax should fix the problem or maybe compound the problem. jonathan hoenig, we are so glad to see him and lizzie wickett mcdonald. >> over trillions of dollars of spending coming down the road over the next decade, this budget takes it in that regard. by the way come in, the rich can organize their own taxes. those that do the scorecard for congress. they routine
for your insights. well, consider smaller government, we are getting ready for much higher taxes. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you h heartburn. ♪ tum tum tum tum tums could lose tens of thousands of dollars on their 401(k) to hidden fees. thankfully e-trade has low cost investments and no hidden fees. but, you know, if you're still bent on blowing this fat stack of cash, there's a couple of ways you could do it. ♪ ♪ or just go to e-trade and save it. boom. ♪ applying the buffett rule, which says that for people that make more than $2 million per year, they should pay at least a 30% effective tax rate. neil: so you heard it right there. pushing higher taxes. now this was that tax should fix the problem or maybe compound the problem. jonathan hoenig, we are so glad to see him and lizzie wickett mcdonald. >> over trillions of dollars of spending coming down the road over the next decade, this budget takes it in that regard. by the way come in, the rich can organize the
the federal minimum wage to $9 an hour. john: republicans see it as a sign to balloon the government. >> to make it to the middle class no matter where you start out in life, it isn't bestowed to us by washington. >> what's next? >> gabby giffords deserves a vote. the families of newtown deserve a vote! the families of aurora deserve a vote! john: covering the week, karen tumulty of "the washington post," todd purdum of "vanity fair," jeff zeleny with "the new york times," and eamon javers of cnbc. >> award-winning reporting and analysis, covering history as it happens, live, from our nation's capital, this is "washington week" with gwen ifill. corporate funding for "washington week" is provided by --. >> we went out and asked people a simple question, how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90's and that's a great thing but one thing that hasn't changed is the official retirement age. the question is, how do you make sure you have the money you need to enjoy all of
that is the subject of this evening's talking points memo. according to polls americans believe government spending and huge debt piling up is a major problem. president obama apparently does not belief that last night in his state of the union address he would not cop to being the biggest spending president in history. no, he now sees himself as an investor. >> every dollar we invest in high quality early childhood education can save more than $7 later on. now if we want to make the best products, we also have to invest in the best ideas. now is not the time to gut these job creating investments and science and innovation. we will keep faith with our veterans. investing in world class care. we will invest in new capabilities. even as we reduce waste and more time spending. we need to make those investments. >> bill: 14 times he mentioned the word invest. mr. obama sounding like a morgan stanley broker. now that's obviously a con. massive government spend something out of control, period. here's the proof. 2002, the year after 9/11 when the federal government was forced to dramatically increase spe
are investing in clean energy instead. >> and the importance of this particular decision the government must make on the xl pipeline in terms of the continuing crisis of climate change in the country and around the world? >> that is the challenge. last year we had record droughts and record wildfires and temperatures a full degree above. the first big test of the president for his commitment to climate change is whether or not we're going to build the pipeline that would take almost 1 million barrels of oil every day, the dirtiest oil on the planet, ship it through the u.s. and have most of it be exported. what we're trying to do is to convince president obama he needs to put his full muscle and full ambition to match the scale of this challenge. not just about the pipeline, but making sure we're turning away from fossil fuels, the most extreme sources of dirty energy everywhere, drilling in the arctic, blowing the tops of our mountains, building this tar sands pipeline -- all of those would deepen and extend our dependence on fossil fuels when clean energy is growing by leaps and bounds. it
governments to prosecute non- native men who abuse women on tribal lands. jefferson kiel, president of the national congress of american indians, made the remarks thursday in the state of indian nations address. he said the death rate of native women on some reservations is 10 times the national average. nearly 60% of native women are married to non-native men, and according to justice department data, non-native men carry out 70% of reported rapes against native women. >> today, tribes to not have the authority to prosecute non- natives who beat, raped, or even kill women on tribal lands. state and federal authorities are often hundreds of miles away without the local resources to investigate crimes. in recent times, u.s. attorneys have declined to prosecute a majority of violent crimes in indian country, most of which are related to sexual abuse. no other government would stand for this violation of sovereignty or continued injustice, no other government should, and no other government has to. the solution is simple. congress must reauthorization the act and assure troubled govern
got a penny from the government, never even asked for it. let me say that i think america has become a country where we want the easy way out on everything. i would suggest that most people in this country have not worked with or in the federal government to actually see how representatives and our representatives in the white house -- and our members and the white house to use that money. it is unbelievable how much money is wasted in this federal government. point number two is that i say to my democratic friends, if you want to pay more taxes you are more than willing and able to do so. there are a group of people that want to pay more taxes, let them pay more taxes. anyone can go ahead and send more money into the government. maybe that will help our system. most families have the budget, but the government doesn't understand the budget. host: for you, no new taxes'? and you think republicans should hold the line on that even if it means these automatic spending cuts go through on march 1? caller: yes i do. i think they should go through. the congress has had three or four years
.s. government. she supports japan's economic policy as a way to keep the nation on a firm recovery path. she endorsed the abe administration's bold monetary easing and fiscal spending measures. her approval came with a warning regarding the recent weaker yen she said advanced countries should allow markets to determine exchange rates and weaken the currencies to their advantage. a common spot u.s. treasury push the yen lower. it rose to the highest level in two years and nine months. that's on expectations the bank of japan will take additional easing measures. the dollar yen is changing hands at 94.33 and 35. the yen is now being quoted at 126.41 to 46. let's look at how the yen slide is affecting stocks. tokyo share prices are sharply higher following two days of declines. market players say car makers and other exports are benefitting from the slide. the niei is up 2.54% from friday's close. south korean's kospi is up about .1 of a japan's fiscal and monetary policies are likely to be key topics of monetary meetings. japanese finance minister and bank of japanovernor will attend the confe
. it's a remark sight, state of the union address. the entire united states government is there. the gray hiavd gentleman there in the center of the screen is the new white house chief of staff who may have the second toughest job and attorney general eric holder but the entire government is here. all of the senate and house and cabinet and joint chiefs of staff. the supreme court, it's quite a remark sight. on a slightly grizzly note, one member of the cabinet is always told to stay away to be in effect in hiding so if something should happen, there would be somebody to run the u.s. government. in this particular case it is energy secretary steven chew. i was there at the briefing that he gave today and he really went after the president. he said that he lacks the courage hearing lacks the guts to take the liberal side of the party and made his basic point that president obama would pursue and he does in his speech tonight, taxes on the rich, but unwilling to get tough on entitlements which, of course, is an anathema to the left wing of the party. >> while he has refused to agr
, it is a governing travesty. the idea that you are going to go around and in random ways cut things and would be like a family that has to cut their budget, saying, let's cut the medicine that keeps the children alive. it is stupid. >> chris: kim, having said that it is stupid, what are the chances that we're actually going to reach march 1st and the sequester, the $85 billion in automatic cuts, will kick in and if it does, and if we begin to see, markets reacting and stuff, how does it play out with the president insisting there have to be tax hikes on the rich, and, the republicans saying, no, it all needs to come out of spending cuts? >> i think it is very likely we hit that day and it comes and the reason why is because, the republicans have been asking the white house to come up with some sort of alternative, which you actually prioritize, look forward, maybe, do something on entitlements and they will not do that. >> wait, senate democrats came up with a plan -- >> tax hikes. >> chris: partly cuts, but, yes, also tax hikes, half and half. >> and republicans said, look we did tax hikes, a month
the time that labour was in government, if you were in a private sector rented home and you were in receipt of housing benefits, you did not get any benefit for empty rooms. i think that is important. it is only fair we treat people in social housing the same way. the second point is that if anybody is away from home, obviously their earnings are not counted. therefore the benefits that person are likely to go up. >> mr. speaker, i look forward to explaining why her paying 25 pounds a week more from april is not a tax on her. as for his point about the private rented sector, i think he misunderstands the point of social housing. the purpose is to protect the most vulnerable. according to the government's own figures, 2/3 of the people hit are disabled. let me tell the prime minister about an e-mail i received last week. my wife is disabled, has a degenerative condition and is cared for in bed. due to her illness and my condition, i usually sleep in the spare bedroom. why is it fair for him and hundreds of thousands of others disabled people like him to be hit by the bedroom tax? >> as with
government had a surplus. an unprecedented surplus of 236 billion dollars. it would not have happened without jack lew's leadership, knowledge, and expertise. in 2009, he answered the call to public service. he returned to d.c. to become deputy secretary for managing resources. he helped secretary of state clinton transform the state department and honing his skills in the international arena. skills that i'm confident will prove useful as he works to address the economic challenges he will be facing as treasury secretary. jack spent the last few years serving the administration as director of omb and as white house chief of staff. he brought nonsecurity spending to its lowest level since dwight eisenhower sat in the oval office. on the fiscal cliff, he kept taxes low on the middle-class. at the same time, decrease the nation's deficit by more than $700 billion. there are many subjects the treasury secretary must cover. not any treasury nominee can have expertise immediately in all of them. the jack has an uncanny ability to dive into a subject, learn, study, and master it in a factual and no
-the-board government cuts known as the sequester. >> ts is not a game. this is reality. >> i don't like the sequester. it's taking a meat axe to our government. >> these steps would seriously damage the fragile american economy. >> still fragile enough that four years after the recession the u.s. economy actually shrank in the last three months of 2012. the storm clouds were ready to blow away and washington basically called them back. >> i think we're all aware that we have some urgent business to do. >> if not for indecisive, uncompromising, and polarizing politicians, america's economy could take off again. >> we are producing more energy and america can become an energy exporter. >> we're in the midst of an energy boom and it's lowering the price of electricity and bringing manufacturing back to america. a housing boom fueled by the lowest interest rates in history. and 35 months of private sector job creation. america's future could be great. >> i'd like to focus on what lies beyond the fiscal debate. >> i'd like to, too. but that's not possible the with a sequester deadline about to descend on
not have the government answer to? if he did, i did not hear it. >> mark? >> if that is a liberal agenda, we have moved the goal posts in our country. i thought the speech was -- the sum of its parts did not create a greater whole. i thought that parts of it were really good. like the minimum wage, i like the education, i like the training, i particularly like the gun -- at the end. richarde wasn't come in nixon's turn, the lift of a driving dream. >> colby? >> i don't think it was supposed to be that kind of address. i think he laid out an agenda, and agenda he wants to pursue. i think he will achieve some of it. something will happen with immigration reform, i believe. i think he will get something on guns. there is a movement and he hit it just right with the tone. minimum wage will be the traditional fight. he was right to lay out the agenda he wants. he will get very little support from republicans. >> nina, on a scale from a to f, how would you rate the speech? >> b +. although there was a surgeon laundry-list element to the speech, which there is to every state of the union, in th
companies said they expect an upturn this year. many cited the government's economic stimulus measures as a reason. the weaker yen was also another factor here. when asked about their stance on the wrong going annual wage negotiations, none of the respondents said that they are considering a raise in base salaries or bonus payments. seven firms said they may even reduce bonuses. another company said it's actually considering a wage cut. an executive of toshiba explains why firms are cautious about wage hikes. >> translator: the yen's decline and stock market's advance started from the end of last year. they have brightened prospects, but they are not yet actually reflected in the company's performance. >> he went on to say that they had to compete in the global markets while dealing with a power shortage, heavy corporate taxes and also labor restrictions. >>> let's move on to the markets now and let's see what's going on in europe. trading there has been a pretty tight range. many investors refraining from big bets as they tended to run out of some fresh cues. we have a mixed picture d
for a president engaged in hand-to-hand combat congressional republicans over the basic exchanges of government. still, the president said the country could afford all of it. >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. john: , so, karen, if bill clinton kind the famous phrase that the era of big government over, did president obama launch the era of smart government? >> that's going to depend on what side of the aisle you were sitting on when you listened to the speech. but one thing about the speech, there was just a lot in it. he touched every single domestic policy initiative he has ever put together before, even the things that sounded sort of new -- minimum wage, raising it to $9 an hour. in his first campaign, he campaigned on raising it to $9.50 an hour by 2011 but what really came through to me in that speech was his declaration that essentially after two years of doing nothing but fighting with republicans over deficit reduction, he
of representatives led and what its federal government was able to accomplish, referring to the sequester. a profound disagreement. i think the gentleman from kansas is profoundly wrong. the sequester will have an extraordinarily negative affect on this country, on its people, on its economy and on its national security. and i, i might say, on the confidence that the world at large has in the united states' ability to pursue rational policy. in his state of the union address last night, mr. speaker, with regard to the deficit, the president said this, none of us will get 100% what we want, but the alternative will cost us jobs, hurt our economy and visit hardship on millions of hardworking americans. he went on to say the greatest nation on earth cannot keep conducting its business by drifting from one manufactured crisis to the next. every 30 days, every 60 days, every 90 days, a manufactured crisis, evidence of a dysfunctional and willful congress. he went on to say, let's agree right here, right now to keep the people's government open, pay our bills on time and always uphold the full faith and cr
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